An early investor in the Pepe (PEPE) memecoin has made a staggering profit of over 735,800%.
Early Purchase and Sale
The trader bought billions of PEPE tokens shortly after its launch in April 2023. They sold portions of their holdings in July 2023, May 2023, and May 2023, netting millions in profits.
Significant Returns
At the time of writing, PEPE is trading at $0.0000128, up 97% in the past 30 days. The trader’s initial investment of $462 has now grown to over $3.4 million.
Other Profitable Trades
Another trader who bought trillions of PEPE in April 2023 is sitting on a profit of over 95,000,000%. Crypto investment firm BlockTower Capital also booked a profit of over 20% by selling PEPE on the institutional trading platform Cumberland.
Conclusion
These trades highlight the potential for significant profits in the cryptocurrency market. However, investors should always do their own research and invest cautiously.
